Lowest brokerage in India 2026

If your priority is **paying the lowest brokerage in India in 2026**, these are among the strongest options: | Broker | Equity Delivery | Intraday | F&O | |--------|-----------------|-----------|------| | **Wisdom Capital** | ₹0 on some plans | ₹9/order or plan-based | ₹9/order or ₹15/lot (plan dependent) | | **m.Stock (Mirae Asset)** | ₹0 (lifetime plans available) | ₹0 on eligible plans | ₹0 on eligible plans or subscription-based pricing | | **Zerodha** | ₹0 | ₹20 or 0.03% (whichever is lower) | ₹20/order | | **Groww** | ₹20/order | 0.1% or ₹20 (whichever is lower), minimum ₹5 | Similar flat pricing | | **5paisa** | Flat low brokerage (often around ₹10–₹20 depending on plan) | Flat brokerage | Flat brokerage | ### Best choices by use case - **Absolute lowest brokerage:** Wisdom Capital or m.Stock (depending on the plan you choose). - **Best value for active traders:** Zerodha, because of its stable platform and transparent ₹20 cap. - **Best for beginners:** Groww, thanks to its simple app and straightforward pricing. Keep in mind that **brokerage is only one part of your trading cost**. You'll also pay statutory charges such as STT, exchange transaction fees, GST, SEBI charges, and stamp duty regardless of the broker. If you're mainly trading **options**, I can also compare the **total cost per trade** (including brokerage and exchange charges) across Zerodha, Groww, Dhan, Upstox, m.Stock, and others.

The landscape of stock broking in India remains highly competitive, with brokers split into two primary low-cost categories: **True Zero-Brokerage Brokers** (who charge ₹0 across all or most segments) and **Discount Brokers** (who charge a flat ₹20 fee). The lowest brokerage options available are broken down below. --- ## 1. True Zero-Brokerage Brokers These platforms have eliminated brokerage fees entirely across Equity Delivery, Intraday, and F&O, making them the cheapest options for high-volume traders. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | Notable Catch / Subscription Fee | |:--- |:--- |:--- |:--- |:--- |:--- | | **Flattrade** | **₹0** | **₹0** | **₹0** | **₹0** | Completely free; standard statutory taxes apply. | | **m.Stock** (by Mirae Asset) | **₹0** | **₹0** | **₹0** | **₹0** (with paid plan) | Requires a one-time upfront fee of **₹999** for life-time zero brokerage, and another **₹999** for lifetime zero AMC. | | **Navia** | **₹0** | **₹0** | **₹0** | **₹0** | Zero brokerage for life across all major segments. | | **Shoonya** (by Finvasia) | **₹0** | **₹0** | **₹0** | **₹0** | No subscription fees; completely zero-brokerage ecosystem. | --- ## 2. Flat-Fee Discount Brokers (The Industry Giants) If you prefer market leaders with massive tech infrastructures, these brokers offer **₹0 Delivery** but charge a flat fee (usually up to ₹20) for Intraday and F&O trades. * **Zerodha:** **₹0** for Equity Delivery; Lower of **₹20 or 0.03%** for Intraday and F&O. It charges a ₹300/year AMC. * **Groww:** **₹0** Account Opening and AMC. **₹0** for Delivery (or 0.1%); Lower of **₹20 or 0.1%** per executed order for Intraday/F&O. * **Angel One:** **₹0** for Equity Delivery; Flat **₹20 or 0.25%** (whichever is lower) for Intraday and F&O. --- ## 3. Subscription-Based Unlimited Plans For heavy retail or algo traders, some brokers offer flat monthly subscriptions to bypass per-order charges completely. * **ProStocks:** Offers a flat **₹899/month** plan for unlimited Equity and F&O trading in an exchange. Alternatively, they offer a flat ₹15/trade plan. --- ### ⚠️ The "Hidden" Costs to Remember Even with a ₹0 brokerage platform, **trading is never entirely free** due to mandatory government and regulatory levies. You will always have to pay: 1. **STT (Securities Transaction Tax):** 0.1% on delivery (both buy & sell) and 0.025% on intraday (sell side). 2. **DP (Depository Participant) Charges:** Charged by the depository (CDSL/NSDL) and the broker only when you **sell** shares from your Demat account (usually ranges between ₹13.5 to ₹20 per company per day). 3. **Exchange Transaction Charges & SEBI Fees** 4. **18% GST** on the brokerage and transaction charges. **Recommendation:** If you are an investor who only buys and holds (Delivery), **Zerodha, Groww, or Angel One** are highly reliable and virtually free for your use case. If you are a high-frequency Intraday or Options trader, platforms like **Flattrade, Shoonya, or m.Stock** will save you thousands in monthly fees.

The **lowest brokerage options in India for 2026** are offered by **discount brokers providing absolute zero-brokerage models** across various segments, or a **flat fee of ₹20 per trade**. The industry features three main pricing tiers: **Zero Brokerage Brokers** (completely free trading models), **Flat ₹20 Discount Brokers** (industry-standard budget models), and **Traditional Full-Service Brokers** (higher volume-based percentage pricing). Top 10 Lowest Brokerage Demat Accounts (Compared) The following table presents a structured breakdown of the most cost-effective stock brokers operating in India as of 2026: | Broker | Equity Delivery Brokerage | Intraday & F&O Brokerage | Highlight Feature | |---|---|---|---| | **** | **₹0 (Free)** | **₹0 (Free)** | 100% zero brokerage across all segments. | | **** | **₹0 (Free)** | **₹0 (Free)** | Zero brokerage for life via a one-time upfront fee. | | **Shoonya by Finvasia** | **₹0 (Free)** | **₹0 (Free)** | Zero trading fees and free algorithmic trading APIs. | | **** | **₹0 (Free)** | **₹0 (Free)** | Zero brokerage pricing framework. | | **Zerodha** | **₹0 (Free)** | **Flat ₹20** or 0.03% (lower) | Largest ecosystem with clean interface and tools. | | **Groww** | **₹0 (Free)** | **Flat ₹20** or 0.05% (lower) | India's largest broker by active client volume. | | **** | **₹0 (Free)** | **Flat ₹20** or 0.1% (lower) | Modernized full-service tools at discount prices. | | **** | **₹0 (Free)** | **Flat ₹20** | Highly optimized interface built specifically for traders. | | **Upstox** | **₹0 (Free)** | **Flat ₹20** or 0.05% (lower) | Fast technology infrastructure with strong charting tools. | | **5Paisa** | Flat ₹20 | **Flat ₹20** | Uniform pricing tier suited for heavy volume traders. | Hidden Costs to Keep in Mind Even if a platform claims to have **₹0 brokerage**, you are still required by Indian regulations to pay mandatory, non-negotiable statutory fees on every transaction: - **Securities Transaction Tax (STT)**: 0.1% on delivery (both buy and sell), and 0.025% on intraday (sell side only). - **Demat DP Charges**: A flat transaction fee (usually ₹13.5 to ₹20 + GST) charged by the depositaries (CDSL/NSDL) and the broker every time you sell shares from your delivery holdings. - **Exchange Transaction Charges**: Fees charged directly by the **NSE or BSE** to clear your trades. - **GST**: A standard 18% tax calculated on the combined value of your brokerage and exchange transaction charges. Which Broker Type is Best For You? - **For Long-Term Delivery Investors**: Choose mainstream platforms like **Groww**, **Zerodha**, or **Dhan**. They charge a **₹0 brokerage fee for equity delivery holdings** while offering highly reliable server uptime. - **For Active Intraday and F&O Traders**: Look into absolute zero-brokerage apps like **Flattrade** or **m.Stock**. Saving ₹40 per round-trip trade will significantly improve your overall profit margins. To help tailor a recommendation, what **segments** do you trade most (e.g., Equity Delivery, Intraday, or Options)? Also, let me know if your monthly **trading volume** is high or if you prefer a platform with **zero Annual Maintenance Charges (AMC)**.